EU car registrations up 8.7 percent in February

ERJ staff report (DS)

Brussels -- In February, new passenger car registrations in Europe (EU27+EFTA) were 8.7 percent higher than in the same period in 2007, helped by one extra working day in the whole region. In total, 1.18 million new cars were registered over the month. Western Europe accounted for a sound 7.7% increase and registrations in the new Member States remained on a growth path with a plus of 20.5%.

In Western Europe, the German market recorded the largest growth (+24.8 percent) and also the most cars registered (228,623) in absolute terms. The Spanish market roughly equaled last year's February results (+0.7 percent). The other main Western European markets noted a drop in registrations. The cumulative January-February figures were 2.7 percent higher in Western Europe and 3.8 percent in the EU27 as compared with the same period last year.

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Press release from ACEA